Mmm Roseland INC: FY2023 Nonprofit Profile & Form 990 (EIN 76-0435160)

Revenue by fiscal year
FY2020	$1.2M
FY2021	$1.3M
FY2022	$1.4M
FY2023	$1.5M
FY2024	$1.7M
FY2025	$1.7M

Expenses by fiscal year
FY2020	$1.2M
FY2021	$1.3M
FY2022	$1.2M
FY2023	$1.4M
FY2024	$1.4M
FY2025	$2.4M

Net assets by fiscal year
FY2020	−$641K
FY2021	−$619K
FY2022	−$471K
FY2023	−$395K
FY2024	−$123K
FY2025	−$815K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1994.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

94 cents of each dollar spent went to programs.

94%

Program services 94% · $1.3M Management & general 6% · $89K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII

Kenneth Tann

Vice President

$0Pt VII · Sec A

Nannette Vallis

Secretary/Treasurer

$0Pt VII · Sec A

Homer Allison

President

$0Pt VII · Sec A

See Mmm Roseland INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable rental housing for very-low income families in 138 apartment units.

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1 program · $1.3M · in their own filed words · FY2022

01

To operate a 138 unit apartment project made up of 69 duplex buildings which provides a total of 49 qualifying units of which 28 must be leased to very low-income tenants pursuant to a land use restriction agreement.

$1.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 1 grant · $888K · 2024–2024

Multi-Family Mission MinistriesTX · FY2024$888,225

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Sep 2024 · $3.2M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.2M

The auditor reported no findings.

Year ending Sep 2023 · $3.3M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.3M

The auditor reported 1 finding.

Year ending Sep 2022 · $3.4M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.4M

The auditor reported no findings.

Year ending Sep 2021 · $3.5M federal money spent

Mortgage Insurance for the Purchase or Refinancing of Existing Multifamily Housing ProjectsDepartment of Housing and Urban Development · ALN 14.155 · Direct$3.5M

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.5M

Ln 12

Fees for servicesLn 2g$1.5M

Investment incomeLn 3$15K

Money outPt IX

$1.4M

Ln 25

Programscol B$1.3M

Managementcol C$89K

Owns and owesPt X

−$395K

net assets · Ln 32

Cash and savingsLn 1–2$486K

Total assetsLn 16$3.0M

LiabilitiesLn 26$3.4M

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$1.5M

Investment incomeLn 3$15K

Gains on assetsLn 7−$2K

Total revenueLn 12$1.5M

Assets in detailPt X, end of year

CashLn 1$53K

SavingsLn 2$433K

Cash and savings togetherLn 1–2$486K

Land, buildings, equipmentLn 10c$935K

Other assetsLn 15$1.2M

Total assetsLn 16$3.0M

LiabilitiesLn 26$3.4M

Net assetsLn 32−$395K

OperationsPt I, VI

EmployeesI 55

VolunteersI 60

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$157K	$486K
Land, buildings, equipmentLn 10c	$1.1M	$935K
Total assetsLn 16	$3.0M	$3.0M
LiabilitiesLn 26	$3.5M	$3.4M
Net assetsLn 32	−$471K	−$395K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$238K	$238K
Other employee benefitsLn 9	$38K	$38K
Payroll taxesLn 10	$18K	$18K
Management feesLn 11a	$66K		$66K
Accounting feesLn 11c	$23K		$23K
Other fees for servicesLn 11g	$22K	$22K
Advertising and promotionLn 12	$233	$233
Office expensesLn 13	$13K	$13K
OccupancyLn 16	$494K	$494K
InterestLn 20	$106K	$106K
Depreciation, depletion and amortizationLn 22	$181K	$181K
InsuranceLn 23	$192K	$192K
Other expenses (24a–d)Ln 24	$35K	$35K
Total functional expensesLn 25	$1.4M	$1.3M	$89K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Jan 30, 2026	$1.7M	$2.4M	−$693K	−$815K	990 PDF
FY2024Filed with the IRS Jan 15, 2025	$1.7M	$1.4M	$273K	−$123K	990 PDF
FY2023 ViewingFiled with the IRS Feb 5, 2024	$1.5M	$1.4M	$76K	−$395K	990 PDF
FY2022Filed with the IRS Jan 18, 2023	$1.4M	$1.2M	$148K	−$471K	990 PDF
FY2021Filed with the IRS Jan 26, 2022	$1.3M	$1.3M	$22K	−$619K	990 PDF
FY2020Filed with the IRS Jan 15, 2021	$1.2M	$1.2M	$23K	−$641K	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $1,500,383 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $1,370,736$1,484,986

I-10 Investment incomePrior year $2,654$15,397

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $1,373,390$1,500,383

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $275,027$293,697

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $950,631$1,131,156

I-18 Total expensesPrior year $1,225,658$1,424,853

I-19 Revenue less expensesPrior year $147,732$75,530

Part VI · Governance 3 of 3 board members independent, 2 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-12a Written conflict of interest policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $1,500,383 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,484,986$1,484,986

VIII-3 Investment incomeExcluded from tax $17,768$17,768

VIII-7 Net gain or loss on sales of assetsRelated to mission −$2,371−$2,371

VIII-12 Total revenueRelated to mission $1,482,615 · Unrelated business $0 · Excluded from tax $17,768$1,500,383

Part IX · Statement of functional expenses $1,424,853 across 13 lines filed

IX-7 Other salaries and wagesPrograms $238,351$238,351

IX-9 Other employee benefitsPrograms $37,709$37,709

IX-10 Payroll taxesPrograms $17,637$17,637

IX-11a Management feesManagement $65,831$65,831

IX-11c Accounting feesManagement $22,854$22,854

IX-11g Other fees for servicesPrograms $21,600$21,600

IX-12 Advertising and promotionPrograms $233$233

IX-13 Office expensesPrograms $12,712$12,712

IX-16 OccupancyPrograms $493,909$493,909

IX-20 InterestPrograms $106,305$106,305

IX-22 Depreciation, depletion and amortizationPrograms $181,222$181,222

IX-23 InsurancePrograms $191,927$191,927

IX-24 Other expenses (24a–d)Programs $34,563$34,563

IX-25 Total functional expensesPrograms $1,336,168 · Management $88,685 · Fundraising $0$1,424,853

Part X · Balance sheet $3,021,136 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $70,345$52,971

X-2 Savings and temporary cash investmentsStart of year $86,755$432,656

X-4 Accounts receivableStart of year $13,244$8,328

X-9 Prepaid expenses and deferred chargesStart of year $96,344$153,924

X-10c Land, buildings and equipment, netStart of year $1,061,418$935,393

X-14 Intangible assetsStart of year $247,027$236,451

X-15 Other assetsStart of year $1,467,378$1,201,413

X-16 Total assetsStart of year $3,042,511$3,021,136

X-17 Accounts payable and accrued expensesStart of year $161,440$140,824

X-19 Deferred revenueStart of year $1,156$9,222

X-25 Other liabilitiesStart of year $34,100$34,700

X-26 Total liabilitiesStart of year $3,513,394$3,416,489

X-27 Net assets without donor restrictionsStart of year −$470,883−$395,353

X-32 Total net assets or fund balancesStart of year −$470,883−$395,353

X-33 Total liabilities and net assetsStart of year $3,042,511$3,021,136

Part XI · Reconciliation of net assets −$395,353 net assets at year end

XI-1 Total revenue$1,500,383

XI-2 Total expenses$1,424,853

XI-3 Revenue less expenses$75,530

XI-4 Net assets at start of year−$470,883

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$395,353

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Mmm Roseland INC FY2023 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Mmm Roseland INC

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV